IR Executive Question:

Explain me Wage Under Minimum Wages Act?

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Answer:

Wages means all remuneration capable of being expressed in terms of money. It includes house rent allowance but does not include
☛ 1.Value of house accommodation, supply of light, water, medical attendance
☛ 2.Value of other amenity provided, if excluded by Govt. order
☛ 3.Contribution to pension fund or Provident fund or Insurance
☛ 4.Traveling allowance
☛ 5.Special allowances incurred by the nature of employment
☛ 6.Gratuity payable on discharge.

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